Pune, India, July 2023, MRFR Press Release/Market Research Future has published a Cooked Research Report on the Global Polyvinyl alcohol Market.
Market Research Future (MRFR) has published a cooked research report on the “Global Polyvinyl Alcohol Market” that contains information from 2023 to 2030. The Global Polyvinyl Alcohol Market is estimated to register a CAGR of 4.76% during the forecast period of 2023 to 2030.
MRFR recognizes the following companies as the key players in the Global Polyvinyl Alcohol Market— OCI COMPANY Ltd, Merck KGaASekisui Chemical Co. Ltd, KURARAY CO. LTD, Japan Vam & Poval Co.Ltd, Chang Chun Group, China Petroleum & Chemical Corporation, Anhui Wanwei Group, and The Nippon Synthetic Chemical Industry Co. Ltd.
Global Polyvinyl Alcohol Market is accounted to register a CAGR of 4.76% during the forecast period and is estimated to reach USD 1.94 Billion by 2030.
Polyvinyl alcohol (PVA) is a synthetic water-soluble polymer that finds widespread use in various industrial and commercial applications. Derived from the polymerization of vinyl acetate and subsequent hydrolysis, PVA exhibits excellent adhesive, film-forming, and emulsifying properties. It is renowned for its biodegradability and nontoxic nature, making it suitable for applications in adhesives, coatings, textiles, paper, packaging, and even as a component in medical products. PVA's ability to dissolve in water while forming strong bonds upon drying enables its use as a binder, thickener, and film former in a diverse range of products across industries.
The Global Polyvinyl Alcohol Market has been segmented based on Type, Application.
Based on Type, the market is segmented into Fully Hydrolyzed, Partially Hydrolyzed. The prevalence of the Fully Hydrolyzed category in the Polyvinyl Alcohol market is attributed to its superior solubility, versatility, and compatibility across a wide range of applications.
Based on End-Use, the market is segmented into Packaging, Textile, Paper, Construction, Electronics, Medical, and Others. The Packaging category's dominance in the Polyvinyl Alcohol market is driven by its exceptional barrier properties, biodegradability, and suitability for various packaging applications.
The Global Polyvinyl Alcohol Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Polyvinyl Alcohol Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Polyvinyl Alcohol Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Global Polyvinyl Alcohol Market comprises of Middle East, Africa, and Latin America.
The Asia Pacific Polyvinyl alcohol market, registering a USD 0.64 billion value in 2022, is poised to exhibit a substantial CAGR growth during the study period, positioning itself as the regional market with the swiftest expansion rate. The market's growth trajectory is underpinned by increasing demand across diverse industries, notably paper, bolstered by the textile sectors in China and India, as well as expanding textile-related exports within the region. This multifaceted demand landscape bestows significant growth potential upon the Polyvinyl alcohol market.
In Europe, the Polyvinyl alcohol market secures the second-largest market share, driven by growing demand for PVA as a polymerization aid and products derived from biomaterials. Meanwhile, North America dominates the PVA industry due to escalating demand from the packaging sector. The Middle East and Africa are poised for substantial growth due to the burgeoning packaging business.
Additionally, the US Polyvinyl alcohol market commands the largest market share, while the Canadian market exhibits the fastest growth in North America. Anticipated to witness the fastest CAGR growth from 2022 to 2030, the Asia Pacific Polyvinyl alcohol market is buoyed by expanding applications in textiles and construction. Meanwhile, Europe is expected to experience rapid revenue ascent, driven by augmented Polyvinyl alcohol use in textiles and construction, with the UK leading in market share and Germany as the fastest-growing market within the region.
Key Findings of the Study
- The Global Polyvinyl Alcohol Market is expected to reach USD 1.94 Billion by 2030, at a CAGR of 4.76% during the forecast period.
- In 2022, the Polyvinyl alcohol market in the Asia Pacific region recorded a value of USD 0.64 billion and is poised to display a noteworthy CAGR growth throughout the study duration. Projections indicate that it will secure the position of the regional market with the most rapid growth rate. The expansion of the Polyvinyl alcohol market is foreseen to be driven by increasing demands from diverse end-use sectors.
- Based on the Type, the Market has been segmented into Fully Hydrolyzed holding the largest market in 2023.
OCI COMPANY Ltd, Merck KGaASekisui Chemical Co. Ltd, KURARAY CO. LTD, Japan Vam & Poval Co.Ltd, Chang Chun Group, China Petroleum & Chemical Corporation, Anhui Wanwei Group, and The Nippon Synthetic Chemical Industry Co. Ltd.
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